PARADROMICS

Company Snapshot

Founded: 2015
Entity Type: Private
Region: U.S.
Headquarter: Texas, U.S.
Key Geographics: North America
Corporate Address: 4030 W Braker Ln #250 Austin, Texas 78759 U.S. Tel. +1-512-559-4120 www.paradromics.com

Company Overview

Paradromics was founded in 2015 with headquarters in U.S. The company is developing a direct data interface with the brain that will enable people with neurological disorders and disabilities to improve their lives. The company combines neuroscience, engineering, and medical device manufacturing and commercialization to create a BCI platform for long-term medical use. It has received support from Defense Advanced Research Projects Agency (DARPA) and National Institutes of Health (NIH).

PARADROMICS In Reports

Brain-Computer Interface: Global Markets

BCC Research Market Analyst says global market for brain computer interface (BCI) was valued at $2.1 billion in 2023. The market is expected to grow from $2.3 billion in 2024 to $4.5 billion by 2029.

Neuroprosthetics: Technologies and Global Markets

BCC Research's report on neuroprosthetics technologies provides a comprehensive overview of the global market for neuroprosthetics, including current and projected market forecasts for the period 2023-2028.

Latest Innovations in Medical Device Technologies

The global market for medical device should grow from $470.5 billion in 2018 to reach $640.9 billion by 2023 at a compound annual growth rate of 6.4% for the period of 2018-2023.

Company's Business Segments

  • Brain–computer Interface : The company provides high data rate brain computer interfacing technology which will initially help patients with severe motor impairments such as paralysis speak through a computer.

Applications/End User Industries

  • Healthcare
  • Neuro Technology
AI Sentiment